The Government’s Broadband Connection Voucher Scheme, beginning in April 2015, has proved widely popular amongst small businesses across the UK. The scheme aimed to help SMEs grow their business, create more jobs and increase their profits by allocating grants for broadband systems.
£40m funding for better broadband
The £40m funding available has now all been allocated to more than 55,000 businesses who will all benefit from faster communications and what will become their fist steps towards a digital transformation.
It’s not just IT companies who need broadband…
It’s easy to forget just how vital an efficient broadband system is and how it’s not always IT companies who need it. The initiative has helped a wide variety of business types from architects to caterers, which will hopefully have a domino effect on other businesses who realise the need for an effective communications system.
Significant profit improvements
Businesses are already seeing significant improvements to their profits, with some small businesses seeing an increase in profits of £1,300 a year.